Investment Summary

WindRose Health Investors, BSC Capital Partners and Heritage Group Invest In Shearwater Health

On January 8, 2016, private equity firm WindRose Health Investors, growth capital firm BSC Capital Partners and private equity firm Heritage Group invested in healthcare services company Shearwater Health

Investment Highlights
  • This is WindRose Health Investors’ 13th, BSC Capital Partners’ 1st and Heritage Group’s 3rd transaction in the Healthcare Services sector.
  • This is WindRose Health Investors’ 20th, BSC Capital Partners’ 1st and Heritage Group’s 5th transaction in the United States.
  • This is WindRose Health Investors’ 4th, BSC Capital Partners’ 1st and Heritage Group’s 1st transaction in Tennessee.

Investment Summary
Date 2016-01-08
Target Shearwater Health
Sector Healthcare Services
Investor(s) WindRose Health Investors
BSC Capital Partners
Heritage Group
Deal Type Growth Capital
Advisor(s) Cain Brothers & Co. LLC (Financial)
DLA Piper (Legal)

Target

Shearwater Health

Nashville, Tennessee, United States
Shearwater Health is a provider of offshore clinical resources serving U.S. healthcare companies. Its clinical process outsourcing offering provides intelligent, patient-centered solutions that lower costs and improve outcomes for healthcare payers, providers, and service companies. Shearwater Health was founded in 1973 and is based in Nashville, Tennessee.

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Investor(S) 3

Investor

WindRose Health Investors

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

MTS Health Investors LLC is a specialist private investment firm focused on opportunities in the services sectors of the healthcare industry. Specific areas of interest include managed care/health insurance, healthcare providers, distributors of medical/products and providers of outsourced services. MTS also invests in low-technology medical product manufacturers. MTS makes equity investments in US based companies valued between $25 and $300 million. Prospective transaction types include buyouts, divestitures, recapitalizations, take-privates, acquisition financings, and growth financings. MTS Health Investors was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 20 of 38
Sector (Healthcare Services) 13 of 19
Type (Growth Capital) 6 of 10
State (Tennessee) 4 of 4
Country (United States) 20 of 38
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-13 DNA Diagnostics Center

Fairfield, Ohio, United States

DNA Diagnostics Center is a provider of private DNA testing services for paternity and other family relationships, forensics, cell line authentication, and ancestry. DDC provides products approved by the FDA and EMA, and is accredited by the American Association of Blood Banks (AABB), The Ministry of Justice, The College of American Pathologists (CAP), and The Clinical Laboratory Improvement Amendment (CLIA). DNA Diagnostics Center was founded in 1995 and is based in Fairfield, Ohio.

Sell $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 Avadyne Health

Moline, Illinois, United States

Avadyne Health is a provider of revenue cycle management services to a wide range of healthcare providers across the nation. Avadyne Health was founded in 1971 and is based in Moline, Illinois.

Buy -
Investor

BSC Capital Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Size Small
Type Sector Agnostic
DESCRIPTION

BSC Capital Partners is the investment affiliate of advisory firm Bailey Southwell & Co. BSC targets investments in growing healthcare services and healthcare tech-enabled services companies with a minimum of $5 million in annual revenue. The Firm has a preference for companies at or near profitability, with strong management in place, and ready for scale. BSC Capital Partners is based in Nashville, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Growth Capital) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Investor

Heritage Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 700M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Heritage Group is a private equity firm focused on healthcare companies throughout the US. The Firm seeks to make majority and minority investments in high-growth healthcare services and healthcare technology businesses. Heritage Group was established in 1986 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 5 of 11
Sector (Healthcare Services) 3 of 8
Type (Growth Capital) 2 of 8
State (Tennessee) 1 of 3
Country (United States) 5 of 11
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-02 Medical Solutions

Omaha, Nebraska, United States

Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses and allied professionals in temporary travel assignments. With offices in Omaha, San Diego, Cincinnati, and Tupelo. Medical Solutions was founded in 2001 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-08 Medical Solutions

Omaha, Nebraska, United States

Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses and allied professionals in temporary travel assignments. With offices in Omaha, San Diego, Cincinnati, and Tupelo. Medical Solutions was founded in 2001 and is based in Omaha, Nebraska.

Sell -
Mergr

Product

Company

Legal